This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.

Letter from the Editor
This issue of The Journal of Risk contains papers that deal with
(1) the conversion of bonds to equity as a result of a triggering event; (2) the effective hedging of mortgage...

Modeling multivariate return distributions via copula functions is a common approach in financial risk management. However, evidence of the impact of choosing a particular copula function on different...

Volatility is central to financial modeling, and this issue of The Journal of Risk offers four papers dealing with both its computational and empirical aspects.
In our first paper, "A Taylor series approach...

In this paper, we generalize Vasicek's asymptotic single-risk factor solution to multiple factors organized with a particular hierarchical structure. We use this model to investigate credit portfolio loss....

In this issue of The Journal of Credit Risk we present three research papers and one technical report.
The first paper in the issue is "Sovereign credit ratings and the new European Union member states"...

Welcome to the third issue of the ninth volume of The Journal of Operational Risk.
It is encouraging to see operational risk data programs starting to show some progress and maturity. In conversations...

This white paper looks at the Basel Committee's BCBS239 principles, also known as PERDARR (Principles for Effective Risk Data Aggregation and Risk Reporting), which comes into force from 1 January 2016.